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common reasons that products fail are: offering consumers too few , being too , or requiring substantial and effort.

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Final answer:

Common reasons for product failure include offering too few choices, being too expensive, and requiring substantial time and effort.

Step-by-step explanation:

There are several common reasons why products fail:

  1. Offering consumers too few choices: When a product only has limited options available, it may not meet the diverse needs and preferences of consumers. This can result in decreased sales and customer dissatisfaction.
  2. Being too expensive: If a product is priced too high, it may be out of reach for many potential customers. Price plays a significant role in consumer purchasing decisions, so it's important for products to be competitively priced.
  3. Requiring substantial time and effort: If a product is difficult to use or requires a significant investment of time and effort from the customer, it may deter them from making a purchase. Products that are user-friendly and convenient tend to be more successful.
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